The variances are squared so that all deviations above and below the mean become positive values. Taking the square root of the variance then gives a measure of the differences from the mean: the standard deviaton.
Squaring the deviations also makes the bigger differences stand out. Look at 100 squared vs 10 squared.
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equal variances
total master-budget variances
Adverse variances means unfavourable variance which is actual expenses are more than budgted variance.
Efficiency Varian materials and direct labor, the variances were recorded in specific general ledger accounts.
The difference between two variances